SYSHUB
Updated 118 days ago
No. To begin with, Syscoin's functionality does not depend upon Bitcoin's network. Going further, SYS is a utility-focused coin with economics based on EIP-1559, thus does not intrude upon BTC's scarcity-focused economics. Also, SYS is an extra incentive to Bitcoin's miners, encouraging their continued support of the Bitcoin network despite diminishing BTC block rewards. Syscoin also is an extension of Bitcoin's network that provides it with more functionality. In sum, Syscoin is not parasitic and is beneficial to Bitcoin... At the very least, merge-mining brings the same challenges as standard Proof-of-Work. However, there are important considerations here beyond just the distribution of hashrate supporting the chain. Ultimately, whether a merge-mined chain is secure depends upon that chain's own protocol. Syscoin is the first blockchain to make merged mining truly secure. This is accomplished by providing an additive layer of decentralized finality on top of the work of Bitcoin's..